Automate your trades and eliminate human errors

cBots execute your trading plan with speed, accuracy and objectivity

What is Automated Trading?

When you automate your trades, you allow robots to trade on your behalf. A robot is a software that is pre-programmed to buy or sell a specific instrument at a given time, without any decision-making on your part.

Advantages of Automated Trading

Speed

cBots are programmed to analyse multiple indicators on various time frames simultaneously, thus providing more trading opportunities than a manual trader would identify within the same period.

Accuracy

Human error is common while trading. Traders might sometimes enter the wrong instrument or the wrong position size. On the other hand, cBots have been pre-programmed with a specific set of parameters for entry and exit that increase accuracy and eliminate errors.

Objectivity

Automated trading removes the psychological factor from the trading game. Instead of letting fear and greed run the show, cBots execute the trading plan consistently and without exceptions.

Time Effectiveness

cBots can trade non-stop, 24 hours a day. Automating your trades means freeing up time as you no longer need to spend endless hours in front of the charts assessing market data and making decisions.

Select a cBot and Trade in 2 Easy Steps

Load your preferred robot from the available in-platform selection or go to cTDN and select a cBot.

If you have chosen a cBot from the in-platform selection, click 'Play' to start trading instantly. If you have chosen one from cTDN, you need to first download and install it on the platform, then you can click 'Play'.

Types of cBots

Trend cBots that trade when a desirable trend occurs. They may be based on Moving Averages, Gann High Low Indicators, channel breakouts, MACD, RSI and other trend indicators.

Range cBots that trade when there's a sideways trend and use Bollinger Bands or other oscillators.

cBots that are programmed to follow alternative strategies such as Fibonacci ratios or the martingale strategy.

Frequently Asked Questions

A cBot analyses the indicators or the other parameters that it was programmed to use and once the predefined rules are met, it takes a particular action, such as entering, exiting or modifying a trade.

For example, if you are using a cBot that trades breakouts, your trade will be entered when the price breaks above a resistance or below a support level. Apart from rules for identifying trading opportunities, a cBot typically contains parameters for managing open positions such as Stop Loss/Take Profit Levels, trailing stops or other risk management features.

There is no best way to select a cBot, but it’s advisable to do your research first. When you are downloading a cBot from cTDN, you can get a good idea about how it works by viewing the developer’s description which includes characteristics and tips about its usage.

Traders usually select a bot that suits their trading style, so if for example, you prefer trading with Fibonacci ratios, you may choose a Fibonacci cBot, and if you are into news trading, you may choose a cBot that trades when there’s an important economic release.

In cTDN, you can also rank cBots according to popularity and user rating, so this could be another deciding factor, especially if you are a beginner.

Once you download the cBot file, you will have to run and install it on your computer. You should then be able to view it on Fondex cTrader, at the left side of your chart under the cBots column. Once you define which instrument you'd like to run it for, click the “Play” button. The cBot will start working when the right conditions are met. Please note that you can stop it anytime, just by clicking the “Stop” button.

If you have a specific trading strategy that you follow and has been proven effective, then it might be a good idea to automate it. It’s important that your strategy is simple enough and that you are clear about the set of rules that your bot is going to be built on.

If you have no coding experience yourself, you may opt to hire a developer from the cTDN community. Please post your request at the forum or contact one of the expert consultants.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the full Risk Disclosure.

Regulation & Licensing warning: Fondex™ is a tradename of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11, VAT 10274180P in accordance with the Markets in Financial Instruments Directive (MiFID II).

Fondex does not provide services to residents of the United States of America, Japan, North Korea, Iran, Canada and other countries whose domestic regulations classify such investment offering as prohibited.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the full Risk Disclosure.

73.29% of retail investor accounts lose money when trading CFDs with this provider.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the full Risk Disclosure.

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